Mark R. Warner - To revive the economy, pull back the red tape

Mark R. Warner - To revive the economy, pull back the red tape

And the fact that Britain has aggressively embraced regulatory reform could explain why it recently leapfrogged ahead of the United States, knocking us from fourth to fifth place, in the World Bank's annual rankings of the business 'friendliness' of 183 global economies.

Britain calls its initiative 'one-in, one-out.' Whatever we call our regulatory reform program, the bottom line is that this effort would go a long way toward addressing the uncertainty that has kept the U.S. business community from participating more fully in our nation's economic recovery.

Surely the fact that we are the 5th most business friendly means that we are not exactly being choked into submission.